If you are considering purchasing a residential buy to let property, you may not be fully aware of the tax implications. Usually there will be two taxes that you may have to pay. These are, income tax, which is payable each…
National Insurance contributions Rates and allowances 2010/2011
National Insurance – rates and allowances £ per week 2008-09 2009-10 2010-11 Lower earnings limit, primary Class 1 £90 £95 £97 Upper earnings limit, primary Class 1 £770 £844 £844 Upper accruals point N/A £770 £770 Primary threshold £105 £110 £110…
Self Employment Vs Limited Company
Minimising the overall tax is a key aim for all businesses. Despite the Government’s attempts to increase the corporation tax assessed on small limited companies, the tax benefits of trading through a limited company still remain attractive for businesses with modest…
Tax Rate & Allowances for Year 2010-2011
Income Tax Rates and allowances for the year 2008-09, 2009-10 and 2010-2011: Income Tax Allowances 2008-09 2009-10 2010-11 Personal Allowance (1) £6,035 £6,475 £6,475 Income limit for Personal Allowance Not applicable Not applicable £100,000 Personal Allowance for people aged 65-74 (1)(2)…